It Only Goes Up

spx_weekly

It only goes up.

That seems to be the dominant feeling that has crept back into the minds of market watchers.

After four months of advances for a mind-blowing 50% gain on the S&P 500 the Bull’s strength can’t be ignored.

It’s not our job as breakout growth stock traders to call tops and bottoms.

We merely recognize when the market’s good for buying or it isn’t.

Last week we started to see Distribution from leading stocks, which could be a sign that the Bull may be ready for a pullback as investors take some off the table.

The S&P’s 1,000 mark that was hit today is a key psychological level.

We expect to see some volatility come in to play this week…

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